Sequoia Capital Had a $150M Investment in FTX.com and FTX.US

Venture capital firm Sequoia Capital has assured its investors that it was not affected by the collapse of FTX, although it has acknowledged the zeroing of investments in the crypto exchange.

In a letter to limited partners, the company has said the impact of the incident on its business is negligible, with losses offset by billions of dollars in profits.

Sequoia has clarified that they invested $150 million in FTX.com and FTX.US through the Global Growth III fund, which amounted to 3% of the structure’s portfolio. The position was not in the top 10 in terms of volume.

According to the statement:

“The $150 million loss is offset by approximately $7.5 billion of realized and unrealized gains in the same fund, so it remains in good shape.”